Posts Tagged ‘Transportation’

Delaware Incorporation

October 31st, 2022

Delaware is home to more than half of all the United States’ publicly traded companies and approximately sixty percent of all the Fortune 500 companies. It is,Guest Posting therefore, not an exaggeration that Delaware seems to be the home to business. Though each company chooses a Delaware incorporation for different reasons, the state prides itself on its “complete package of incorporation services.”

If you choose Delaware incorporation you will be subject to law that is advanced and flexible enough to increase your chances to build a successful business. One unique aspect to Delaware incorporation is that you have access to the 210 year old Delaware Court of Chancery, which is the entity that wrote a significant portion of the U.S. Corporation case law. Plus, you do not have to live in Delaware in order to complete a Delaware incorporation. As long as you have a registered agent in Delaware, you can complete at Delaware incorporation.

One of the first things you need to in your Delaware incorporation process is to reserve an entity name. The state of Delaware makes the Delaware incorporation process easy by allowing you to complete portions of it online, like making name reservations. To reserve a corporate name, you will need to pay $10 per name. However, if you are to purchase a Limited Liability Company, Limited Partnership, Statutory Trust, General Partnership, or Limited Liability Partnership for $75 each.

We Disclose the Top Hidden Financial Benefits to Opening Your New Company in Delaware

April 21st, 2022

It’s no secret why the US Chamber of Commerce has named Delaware as the state with the best business environment for 10 years running. With a long history of pro-business legislation and of providing financial incentives to Delaware-based corporations, the First State is the location of choice for over 60% of Fortune 500 companies as well as countless other small businesses looking for a low-tax environment with a high-quality business infrastructure.

In Delaware, the legislature takes business seriously–and for good reason. Deriving an important part of the state’s budget from incorporation and franchise fees, the state government is committed to preserving Delaware’s position as the location of choice for new businesses. In addition to the remarkably low cost of setting up a business in the state, Delaware’s legal environment has been recognised as the most business-friendly due to the existence of the Court of Chancery, a separate legal system for commerce. Because it is the home to so many major corporations, Delaware business law is familiar to attorneys throughout the world, meaning that finding competent council is possible nearly everywhere.

It is incredibly easy for businesses to choose Delaware as their legal domicile as there are very few legal obstacles. There are no residency requirements for either offices or staff, no capital investment is necessary and the filing fee is only $89. Once an application for incorporation is filed, a response is generally received with one week.

In addition to these attractive terms, the Delaware Office of Economy Development has established many programs to lure businesses to the state:

- Low interest loans and grants for new businesses

- Tax-exempt bond financing for certain entities

- Finance assistance for riskier-profiled businesses through the Delaware Access Program

- Tax incentives for businesses in targeted industries and locations

- No corporate income tax on businesses that do not do business in Delaware and a low flat rate of 8.7% for those that do, with a set maximum turnover of $180,000 annually.

- Low franchise taxes for all businesses, with most companies paying less than $75 annually

- Zero property, equipment or sales taxes

With all of these legal and financial advantages to opening a business in Delaware, the Diamond State may just be the right one to start your company in.

Additional Information for Delaware Entrepreneurs! Delaware has recently changed its application processes to make the creation of a new USA company even easier. There’s never been a better time to get your company formed, but an informed source has said that this window of opportunity is closing at some point soon, so these benefits won’t be hanging around for ever.